Answer:
E.g., Nokia did...
Customers made it clear to them that neither Windows phone nor Symbian will get anywhere near Android or iOS.
They resisted, ignored. They just flat out wanted the customers to adapt to their OS rather the other way around due to the absolute authority in the mobile phone market share.
As with any business which doesn't evolve as per the customer demands, the end was inevitable, and it was just a matter of time.
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Why is it important for the business owner to
understand the market they are selling to?
Answer:
So they can advertise to the correct demographic
Explanation:
If the government issued license to pollute a total of 1,600 tons of emissions, the market price to emit 1 ton of emissions would equal:___________.
Answer:
$450 per ton.
Explanation:
The government has allowed to pollute 1600 ton of emission. The business has secured license from the government to run its business activities and drain the polluted waste in the sea. The total pollution allowed is 1600 tons and the cost of securing the license is $720,000. The cost per ton of emission would be $450.
Case studies can _________ be cross-representational from company to company.
rarely
always
never
usually
Real and nominal income is calculated respectively at----
Select one:
a. Current price and current price
b. Constant price and Constant price
c. Current price and Constant Price
d. Constant price and Current price
= Constant price and Current price
Answer: Constant price and Current price
Explanation:
Real income and nominal income is calculated respectively at the constant price and the current price.
The constant prices has to do with the real values that has taken inflation into consideration. They are typically in real value.
The current prices are the prices of goods and services at a particular point in time. Current prices are typically in nominal value.
Therefore, the answer is option D.
Martin and sons: Job injuries, medical mal practice, and personal injury. Free initial consultation.
Smith and Jones: No fee unless you win your case. Specialize in worker's compensation legal issues
Thorn and Thomas: Employment law, contract negations, and employment safety issues
Williams Attorneys: State and federal unemployment fairness, medical malpractice law suits. Reasonable hour rates plus percentage of settlement.
An employee believes she was injured on the job due to unsafe situation. Based on the advertisement above, which of the following attorneys provides the necessary experience to pursue her claim and would ensure the employee the lowest overall cost.
A. Martine and Sons
B. Smith and Jones
C. Thorn and Thomas
D. Williams Attorneys
Answer: B. Smith and Jones
Explanation:
Based on the information given in the question, the attorneys that provides the necessary experience to pursue her claim and would ensure the employee the lowest overall cost will be Smith and Jones.
From the question, we are informed that Smith and Jones specialize in worker's compensation legal issues and since the employee believes she was injured on the job due to unsafe situation, this implies that the employee would need to be compensated and therefore, the right attorney will be Smith and Jones. They are also cheap when compared to others.
Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area:
Cost of new equipment and timbers $310,000
Working capital required $190,000
Annual net cash receipts $125,000
Cost to construct new roads in year three $58,000
Salvage value of equipment in four years $83,000
Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth. The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company's required rate of return is 20%.
Required:
A. Determine the net present value of the proposed mining project.
B. Should the project be accepted?
1. Yes.
2. No.
Answer:
NPV = -$78,318
Explanation:
cash flow 0 = -$310,000 - $190,000 = -$500,000
cash flow 1 = $125,000
cash flow 2 = $125,000
cash flow 3 = $125,000 - $58,000 = $67,000
cash flow 4 = $125,000 + $83,000 + $190,000 = $398,000
NPV = -$500,000 + $125,000/1.2 + $125,000/1.2² + $67,000/1.2³ + $398,000/1.2⁴ = -$78,318
Each year, Tom and Cindy Bates (married filing jointly) report itemized deductions of $20,000 (which includes an annual $4,000 pledge payment to their church). Upon the advice of a friend, they do the following: In early January 2019, they pay their 2018 pledge; during 2019, they pay the 2019 pledge; and in late December 2019, they prepay their 2020 pledge.
a. What are the Bateses trying to accomplish? To have their itemized deductions exceed the standard deduction .
b. What would the Bates' total itemized deductions be if all three church pledge payments were made in 2019? Assume that the itemized deductions of $20,000 already included one year of the church pledge payments. $ 12,000 What will be the Bates' tax saving if their marginal tax bracket is 24% for all three years? (Assume that the standard deduction amounts for 2019 and 2020 are the same.) By concentrating their charitable contributions, their tax savings becomes $ 2,000 X.
Answer:
a. What are the Bateses trying to accomplish?
To have their itemized deductions exceed the standard deduction.
In 2019, the standard deduction was $24,400, so in order for itemizing to make sense, the total amount itemized must be above that threshold.
b. What would the Bates' total itemized deductions be if all three church pledge payments were made in 2019? Assume that the itemized deductions of $20,000 already included one year of the church pledge payments. $ 12,000 What will be the Bates' tax saving if their marginal tax bracket is 24% for all three years? (Assume that the standard deduction amounts for 2019 and 2020 are the same.) By concentrating their charitable contributions, their tax savings becomes $ 2,000 X.
total itemized deductions = $20,000 + $4,000 + $4,000 = $28,000
tax savings = ($28,000 - $24,400) x 24% = $864
Suppose Kim purchases a new personal computer produced in China for $1,900. What is the effect on the components of GDP and GDP as a whole?
Instructions: If there is no impact on that component enter a O for $0. If there is a positive contribution to the component enter in a the whole dollar amount. If there is a negative contribution to the component enter a negative sign before the dollar amount. Be sure all boxes include a number.
Consumption _____$
Investment _______ $
Government Expenditures ________$
Net Exports _____ $
Change in GDP as a result of the transaction __________ $
Answer:
Consumption $ 1900
Investment 0
Government Expenditures 0
Net Exports -$ 1900
Change in GDP as a result of the transaction 0
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
The purchase of the laptop is part of durable consumption. So, consumption increases by $1900
The purchase of the laptop is not by a business or by the government. Investment and government expenditure remains unchanged.
The purchase of the laptop from China constitutes an import activity. Import increases. But import is a negative function of import, so net export decreases.
Total change in GDP = $1900 + 0 + 0 - $1900 = 0
During the year, the Senbet Discount Tire Company had gross sales of $1.14 million. The firm’s cost of goods sold and selling expenses were $533,000 and $223,000, respectively. The firm also had notes payable of $880,000. These notes carried an interest rate of 7 percent. Depreciation was $138,000. The firm’s tax rate was 35 percent.
What was the firm’s operating cash flow? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)
Answer:
$319,460
Explanation:
Calculation for the firm’s operating cash flow
First step is to calculate EBIT and Taxes
Sales $1,140,000
Less Cost of goods sold 533,000
Less Selling costs 223,000
Less Depreciation 138,000
EBIT $246,000
Interest 61,600
(7%*$880,000)
Taxable income $184,400
(246,000-61,600)
TAXES 64,540
(35%*$184,400)
Now let calculate the firm’s operating cash flow using this formula
Operating cash flow = EBIT + Depreciation - Taxes
Let plug in the formula
Operating cash flow = $246,000 + $138,000 - $64,540
Operating cash flow = $319,460
Therefore the firm’s operating cash flow is $319,460
If the equipment account has a balance of INR. 22,50,000 and the accumulated depreciation
account has a balance of INR. 14,00,000, the book value of the equipment is
Select one:
O a. 8,50,000
O b. 17,00,000
O c. 14,00,000
O d. 36,50,000
Answer:
a. 8,50,000
Explanation:
Account balance INR, 22, 50,000
Accumulated depreciation INR. 14,00,000
The book value is the difference between the account balance and the accumulated depreciation
= INR, 22,50,000 - INR. 14,00,000
=INR, 8,50,000
How do financial intermediaries impact the market efficiency?
Answer:
help create efficient markets and lower the cost of doing business. Intermediaries can provide leasing or factoring
Explanation:
These intermediaries help create efficient markets and lower the cost of doing business . Intermediaries can provide leasing or factoring services , but do not accept deposits from the public . Financial intermediaries offer the benefit of pooling risk , reducing cost , and providing economies of scale , among others .
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The Kissel Trucking Company Inc. has a defined benefit pension plan for its employees. At December 31, Year 1, the following information is available regarding Kissel's plan:
Fair value of plan assets $30,000,000
Present value of defined benefit obligation 38,000,000
Service costs 4,000,000
Interest costs 1200,000
Actuarial gains 150,000
Past service costs 375,000
Required:
Determine the amount that Kissel will report on the balance sheet as of December 31, Year 1, for this pension plan under IFRS.
Answer:
Under IFRS, net defined benefit liability is reported in balance sheet when Present value of defined benefit obligation (PVDBO) exceeds Fair value of plan assets(FVPA) which results in deficits.
In this case, PVDBO exceeds FVPA, then the difference betwen the two ix the net defined benefit liability.
Difference of PVDBO and FVPA = $38,000,000 - $30,000,000 = $8,000,000. Hence, net defined benefit liability reported in the balance sheet is $8,000,000.
what did andy davis do to change eddies behaviour?
Answer:
The Manager Andy Davis worked hard to improve Eddie's behavior and skills by implanting commitment in improving Eddie through team-based efforts.
Explanation:
Suppose that there are 10 million workers in Canada and that each of these workers can produce either 2 cars or 30 bushels of wheat in a year.
Required:
a. What is the opportunity cost of producing a car in Canada? What is the opportunity cost of producing a bushel of wheat in Canada? Explain the relationship between the opportunity costs of the two goods.
b. Draw Canada’s production possibilities frontier. If Canada chooses to consume 10 million cars, how much wheat can it consume without trade?
c. Now suppose that the United States offers to buy 10 million cars from Canada in exchange for 20 bushels of wheat per car. If Canada continues to consume 10 million cars, how much wheat does this deal allow Canada to consume? Should Canada accept the deal?
Answer:
A) Opportunity Cost = 1/15 or 0.067 car per wheat
B) PPC downward sloping concave curve, with cars & wheat axis intercepts = 20 & 300 (resp). 15M bushels consumption with 10M cars
C) 1 Car : 20 bushels wheat is not beneficial deal
Explanation:
A) Opportunity Cost is the cost of next best alternative foregone while choosing an alternative.
As 20 million cars or 300 million bushels wheat can be produced, opportunity cost of a bushel wheat is 20 M /300 M ie 0.067 units car .B) Production Possibility curve curve shows 2 product combinations, that an economy can produce with given resources & technology. Given fixed resources & technology, goods are inversely related & so curve downward sloping. And, it is concave due to increasing Marginal Opportunity Cost.
Canada's PPC is downward sloping concave curve, with intercept = 20M on axis of cars & intercept = 300M on axis of wheat. If Canada consumes (& produces) 10 million cars, it can consume 15M bushels of wheatC) Domestic Car : Wheat trade off ratio is = 20M : 300M ie 1: 15 . So, Trade of 20 bushels wheat per car is not beneficial for Canada. As, it is higher than domestic sacrifise ratio of 15 bushels wheat per car.
What is the deference between research and report
IN the economic order quantity model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to:_______
a. increase.
b. decrease.
c. remain unchanged.
d. change without regard to carrying costs.
Answer:
b. decrease
Explanation:
In the EOQ model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to decrease.
Carrying cost is placed in denominator of the EOQ formula hence as we increase denominator the total quantity will fall. If the carrying cost is high, then we would place lesser order to reduce such costs.
Also, if carrying costs decrease while all other costs remain unchanged, the number of orders placed would be expected to decrease because there is already excess of inventory due to which the new orders have to be decreased to utilize the already pending inventory.
Record the withdrawal if Benson on the assumption that she is paid $30,000 in partnership cash plus equipment recorded on the partnership books at $70,000 less its accumulated depreciation of $23,200 for her equity.
Answer:
(a) Dr Benson, Capital 138,000
Cr North, Capital 138,000
(b) Dr Benson, Capital 138,000
Cr Schmidt, Capital 138,000
(c) Dr Benson, Capital 138,000
Cr Cash 138,000
(d) Dr Benson, Capital 138,000
Dr Meir, Capital 28,500
Dr Lau, Capital 47,500
Cr Cash 214,000
(e) Dr Benson, Capital 138,000
Dr Accumulated depreciation-Equipment 23,200
Cr Meir, Capital 22,950
Cr Lau, Capital 38,250
Cr Equipment 70,000
Cr Cash30,000
Explanation:
Preparation of the journal entry to record Benson's withdrawal under each independent assumptions.
(a) Dr Benson, Capital 138,000
Cr North, Capital 138,000
(b) Dr Benson, Capital 138,000
Cr Schmidt, Capital 138,000
(c) Dr Benson, Capital 138,000
Cr Cash 138,000
(d) Dr Benson, Capital 138,000
Dr Meir, Capital 28,500
[(214,000-134,800)*3/8]
Dr Lau, Capital 47,500
[(214,000-138,000)*5/8]
Cr Cash 214,000
(e) Dr Benson, Capital 138,000
Dr Accumulated depreciation-Equipment 23,200
Cr Meir, Capital 22,950
[(138,000+23,200)-(70,000+30,000)*3/8]
Cr Lau, Capital 38,250
[(138,000+23,200)-(70,000+30,000)*5/8]
Cr Equipment 70,000
Cr Cash30,000
if the price of good increases from the £10to £12 and at the same time the quantity demanded falls from 100units to 90 units the price of elasticity will be
Answer: -0.5
Explanation:
The price elasticity of demand is calculated as :
= % change in quantity demanded / % change in price.
% change in quantity demanded = (90 - 100) / 100 × 100 = -10%
% change in price = (12 - 10) / 10 × 100 = 2/10 × 100 = 20%
Price elasticity of demand = -10% / 20% = -0.5
You are the product manager for Vita-Joy, a consumer product with a retail price of $1.00. Retail margins on the product are 33%, while wholesalers take a 12% margin. Using the indicated supply chain, fill in the yellow boxes with dollar amounts. (Hint: Variable costs at one link of the chain become the price at a previous link in the chain. Begin your Vita-Joy calculations with the customer and move backwards; do not start with the company and move forward).
Variable manufacturing costs for Vita-Joy are $0.09 per unit. Fixed manufacturing costs are $900,000. The advertising budget for Vita-Joy is $500,000. Your salary and expenses total $35,000. Salespeople are paid entirely by a 10% commission. Shipping costs, breakage, insurance, and so forth are $0.02 per unit.
Now answer the following:_______.
1. By filling in the yellow and green boxes, determine the contribution per unit for Vita-Joy.
2. What is Vita-Joy's breakeven point?
Answer and Explanation:
The computation is shown below;
a. Contribution Unit for vita Joy
Retail Price $1.00
Retail Margin 33%
Retail Profit $0.33 (1.00 × 33%)
Retail Cost $0.67 (1 - 0.33)
Wholesale Margin 12%
Wholesale Profit $0.08 (0.67 × 12%)
Wholesale Cost $0.59 (0.67 - 0.08)
Manufacturers Selling Price per unit $0.59
Variable manufacturing cost per unit $0.09
Variable cost of commission per unit $0.06 (10% × 0.59)
Variable shipping cost brokerage etc $0.02
Total Variable cost per unit $0.17 (0.09+0.06+0.02)
Unit contribution of vita joy $0.42 (0.59 - 0.17)
2 Now Break even point in unit is
= Total Fixed Costs ÷ Contribution units
where,
Total fixed cost is
Fixed Manufacturing Cost $900,000
Advertising cost $500,000
Product manager's Salary and expenses $35,000
Total Fixed Costs $1,435,000
And, the contribution units is $0.42
So the break even point is
= $1,435,000 ÷ $0.42
= 3,416,667 units
Prepare a one page memo for your boss briefly summarizing how you concluded the meeting. More importantly, recommend to your boss a course of action for your organization moving forward. Be sure to fully support your recommendations.
Answer:
Memo for business promotion
Explanation:
To : Manager
From : Finance Officer
Subject : Actions for moving forward
The business meeting has been concluded successfully and minutes of the meeting is prepared in the document. The business needs to be moved forwards as there are many competitors entering in the market. The business need to focus on introducing new products which are demanded by the customer and allow some customization according to customer needs. The packaging of the products also needs to be revised as the presentation is also important for customer to make a buy decision. The business profits will increase and the sales will be high.
Further minutes of the meeting are attached with the memo.
Sign: Edward,
. Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the mean?
Answer:
Empirical Rule or 68-95-99.7% Rule
Approximately 95% of the data fall within two standard deviations of the mean.
Sprague Company has been operating for several years, and on December 31, 207, presented the following balance sheet.
SPRAGUE COMPANY BALANCE SHEET DECEMBER 31, 2014
Cash $40,000
Accounts payable $80,000
Receivables 75000
Mortgage payable 140,200
Inventory 95000
Common stock ($1 par) 150,000
Plant assets (net) 220,000
Retained earnings 60,000 430000
The net income for 2017 was $25,000. Assume that total assets are the same in 2016 and 2017.
Compute each of the following ratios. for each of the four, indicate the manner in which it is computed and its significance as tool in the analysis of the financial soundness of the company
a) Current ratio
b) Acid-test ratio
c) Debt to assets ratio
d) Return on asset
Answer:
A. Current Ratio= 2.63
B. Acid-Test Ratio = 1.44
C. Debt to Assets Ratio 51.16%
D. Return on assets 5.81%
Explanation:
a. Calculation forn Current Ratio
First step is to Calculate the Total Current Assets
Cash 40,000
Receivables 75,000
Inventory 95,000
Total Current Assets 210,000
Now let calculate Current Ratio
Current Ratio= Current Assets / Current Liabilities
Current Ratio=210,000/80,000
Current Ratio= 2.63
b Calculation for Acid-Test Ratio
Acid-Test Ratio=(Current Assets - Inventory) / Current Liabilities
Acid-Test Ratio =(210,000-95,000)/80,000
Acid-Test Ratio =115,000/80,000
Acid-Test Ratio = 1.44
c. Calculation for Debt to Assets Ratio
First step is to calculate total Debt
Accounts payable 80,000
Mortgage payable 140,000
Total Debt 220,000
Now let calculate the Debt to Assets Ratio
Debt to Assets Ratio= Total Debt/ Total Assets
Debt to Assets Ratio=220,000/430,000
Debt to Assets Ratio= 51.16%
d. Calculation for Return on assets
Return on assets= Net Income/ Average Assets
Return on assets=25,000/430,000
Return on assets 5.81%
Which of the following is NOT a
characteristic of organizations with
significant political activity?
Select one:
a. Win-win approach to reward
allocations
b. Role ambiguity
c. Opportunities for promotion
an advancement
d. Declining or scarce resources
= Win-win approach to reward
allocations
Explanation:
Win-win approach to reward
allocations
What can a speaker do to ensure that they are respectful of their audience, especially when speaking to a skeptical audience or an audience that has different values than their own? What considerations should a speaker take if they are presenting a topic that is new to the audience?
Answer:
Be Honest and Avoid Plagiarism. Credible public speakers are open and honest with their audiences. Identify Your Sources. Decide When to Cite. Cite Sources Properly. Understand Paraphrasing and Direct Quotations. Develop Accurate Citations. Set Responsible Speech Goals. Promote Diversity.
The difference between the income
received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by
nonresidents in the domestic territory of a country is known as:
Select one:
a. Net Factor Income from Abroad
b. Capital consumption allowances
c. Depreciation
d. Subsidy
= Net Factor Income from Abroad
The difference between the income received from abroad for rendering factor services and income paid for the factor services rendered by nonresidents is known as Net Factor Income from Abroad. Thus the correct option is (B).
What is Income?Income refers to the money received by the individual over a period of time. In Business, income refers to the revenue generated after selling the goods and services to the customers.
Net factor Income from abroad refers to the income received from aboard after providing the services by the residents of the country to the rest of the world minus income paid for taking services from the domestic country.
Thus the correct option is (B).
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Suppose your own demand curve for sweaters slopes downward. Suppose also that, for the last sweater you bought this week, you paid a price exactly equal to your willingness to pay. Then
Use letters in alphabetical order to select options
A your consumer surplus on the last sweater you bought is zero.
B you already have bought too many sweaters this week.
C your consumer surplus on all of the sweaters you have bought this week is zero.
D you should buy more sweaters before the end of the week.
Answer:
A
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
If willingness to pay = price of the good , then consumer surplus is zero
Today, you deposit $2,500 of cash in a savings account that earns 8.0% in annualized interest. One interest payment is received at the end of every year. You make no other deposits or withdrawals.
In five years, the amount of interest on interest you have earned in your savings account is closest to: ________
a. $173
b. $175
c. $177
d. $1,000
e. $1,177
Answer:
a. $173
Explanation:
The computation of the amount of interest earned in five years is shown below;
But before that following calculations need to be done
As we know that
Simple interest = Present value × rate of interest × time period
= $2,500 × 8% × 5
= $1,000
Now the future value is
Future value = Present value × (1 + rate of interest)^number of years
= $2,500 ×(1 + 8%)^5
= $2,500 × 1.4693280768
= $3,673
Now the compound interest is
Compound interest = Future value - Present value
= $3,673 - $2,500
= $1,173
Now interest on interest is
Interest on interest = Compound interest - Simple interest
= $1,173 - $1,000
= $173
Why might Gross Domestic Product not be the most accurate measure of an economy's health? (Explain at least 3 reasons)
Answer: See explanation
Explanation:
The gross domestic product is the value of an economy's final goods which the economy produces. The reasons why Domestic Product may not be the most accurate measure of an economy's health include:
• It doesn't take into account the value of the works of housewives, volunteers etc.
• The gross domestic product doesn't measure the quality of education that is offered, the children's health, happiness etc.
• GDP takes into consideration the market prices and therefore, activities that are outside the market are left out and not measured.
Stock Y has a beta of 1.3 and an expected return of 15.3 percent. Stock Z has a beta of 0.70 and an expected return of 9.3 percent. If the risk-free rate is 5.5 percent and the market risk premium is 6.8 percent, the reward-to-risk ratios for stocks Y and Z are and percent, respectively. Since the SML reward-to-risk is percent, Stock Y is (Click to select) and Stock Z is:_______ . (Round your answers to 2 decimal places. (e.g., 32.16))
Answer:
Reward-to-risk ratio Y =7.54%
Reward-to-risk ratio Z = 5.43%
Since the SML reward-to-risk is 6.8%
Stock Y is Undervalued
Stock Z Overvalued
Explanation:
Calculation for the reward-to-risk ratios for stocks Y is 7.54% and Z is 5.43% respectively.
Reward-to-risk ratio Y = (15.3%-5.5%)/1.3
Reward-to-risk ratio Y =7.54%
Reward-to-risk ratio Z = (9.3%-5.5%)/0.7 =
Reward-to-risk ratio Z = 5.43%
Therefore the reward-to-risk ratios for stocks Y and Z are and percent, respectively
Since the SML reward-to-risk is 6.8%
Stock Y is undervalued while Stock Stock Z on the other hand is overvalued reason been that
Reward-to-risk ratio Y is high while the Reward-to-risk ratio is low .
Why are institutions the key to economic growth?
Fill in the blanks to complete the passage about the key difference between Nogales, Arizona, and neighboring Nogales in the Mexican state of Sonora.
Drog word(s) below to fill in the blankfs) in the passage.
two cities are in the same location and have similar _______ and geography, but the U.S. city has a _____ level of education, ______ infant mortality, and better roads. The key difference is ______ that promote security of people and property on the one side but not the other.
weather lower institutions higher economies
Answer:
Weather, Higher, Lower, Institutions
Explanation:
The two cities are in the same location and have similar weather and geography, but the US city has a higher level of education, lower infant mortality and better roads. The key difference is institutions that promote security of people and property.